Good morning everyone! As we head to the second holiday after Christmas, we can slowly start reading to catch up with the world that's spinning around us.
Ryan Walker has been helping people to make informed decisions about Bitcoin transaction fees and points out, that you can get away rather cheap, if your case is not urgent. Check out his fancy graph - and pay attention to the Coinbase e-mail "send BTC to e-mail" service.
Via Ryan Walker
Want 100 000 free Boozecoins? Of course you do, who doesn't? The creator of the coin, Bryce Distillery, is giving away 100K of them to anyone who asks, just for sharing their Indiegogo campaign on social media. All you have to do is share the campaign and ask for your coins. What are the coins worth? Absolutely nothing! But it's boozecoins - every respectable trader should have these in his Bitshares wallet. And who knows, maybe one day they'll be worth a fortune. Until then, you can HODL or tip your buddies with them.
Claim your Boozecoins here and while you're at it, check out their campaign.
Why does crypto correct so massively? Because everyone cannot win. The answer lies in a Google Trends chart, which shows, that more and more people actively search for "buying bitcoin with credit card". Looking at the graph the search has taken a rocket form in Nov-Dec as the masses pour in. Before we can continue our advance towards 50K, some money must be shifted from the retail to professional traders.
Google Trends via Bloomberg
Read the article on Bloomberg
Welcome to the crypto boom. This is what we want and how we like it. Exchanges are having trouble coping with their growing userbase and lack of skilled engineers. Wall Street is more & more getting involved. IRS wants to see what's going on at the exchanges. These can all be categorized under one common denominator - growing pains. In the coming years we can expect crypto to become more transparent but also more regulated, but eventually it's the traders that define the currency.
Jameson LOpp, BitGo engineer, on Twitter
Read up on this fascinating article at Techcrunch
Finally, let's leave trading for a minute on this second holiday of Christmas and enjoy this photo of a crescent moon setting above the Statue of Liberty, taken by Max Guliani. The timing and setup looks perfect. If you like it, go and give the author a quick comment
Via Max Guliani
Thank you for reading! Keep enjoying your holiday!
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Title image from pixabay
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now is the time to hodl my friend,
HODL AWAY!!!!
Interesting post, especially the, "buying Bitcoin with a credit card" part. I would never have thought to check how many searches were done on the term, but that graph speaks volumes. The two most important rules, for me at least, never invest more than you can afford to lose, and never borrow to invest/trade.
Boozecoins, mmm. Might have to get'm, just to say I got'm. lol
Thanks for the post, and you have a new follower.
well its called leveraging, but it generally doesnt work with credit cards, but hey with Crytpo pumps, any thing can happen, not that I endorse using a credit card for investing of course
Yeah, I guess with Bitcoin someone could have came out okay buying with a credit card, if they were able to pay the card off quickly, and bought in at the right time, just something that I would never do...ever.
Does bitcoin have future value? will it reach $5000 in 2018?
Yes $50,000 will be reached in 2018 based on simple economics. The recent dip is likely the lowest we will see bitcoin at ever again. While transactions times are slow and transfers expensive bitcoin has proven itself to be a store of value. Its use case was demonstrated in Zimbabwe, this year, where hyperinflation caused a flight to bitcoin.
That being said, if you're looking for the type of returns that bitcoin owners have seen the past 9 years, then you'll need to look to other coins, of which there are many that will go up exponentially in value over the coming years.
5000 definitely ☺
sorry I mean $50000. I have listened in news. that it may reach to the hieghest price ever.
This is great!
Who wouldnt want free cryptocurrencies?
<3boozecoins! You are correct it’s natural with some corrections before shooting to the moon! I am pretty certain that BTC will do 10x this year, and in thecrypto field in general there are endless possibilities! #lambo
Looking for 10 x returns your best bet is buying lower cap coins such as $RCN - a solid platform with big money and brains behind it, $MANA - a virtual reality world, and $RDD - a coin for social network tipping that's around 1c and while a long shot if they do one deal you will see hyperbolic returns.
To be honest, rcn mana and rdd is a 100-300x long shot, while there is still more than enough to go on to get 10x in BTC ltc and eth!
Frankly I don't believe that RCN or MANA are long shots. They will be easy 10x ers. Tim Draper is an investor in RCN and a lending platform will be a huge use case for blockchain. MANA being at the intersection of a VR world + crypto with 90% of the initial land sold in their first staking event will take it to 10x. Look at today's date and then let's go one year from now and both will be at a min 10x where they are today. Now the question is will Bitcoin be at $150,000? Im much more confident of these other 2 coins getting a 10x than Bitcoin. You can also add Storm to the list of coins that will be min 10x by Dec. 2018.
10x in a year, pretty Much all crypto that doesnt collapse will do that, i do think that TRX, TNB And CDT have ha higher possibility of going higher, like a 30x
lol like the title of booze coin but dang no plans and the coin has no value. I would be surprise if this coin can takeoff. People can make multiple accounts to score a 100k and it doesn't look like there is a supply limit. A coin that can be owned in the billions by billions of people.
haha yeah, a coin with no value. still, cool having it in your wallet - you can tip your friends with 1, to tick them off :)
That made me laugh. I am thinking of a booze coin 2. How hard can it be to make a new token through bitshare lol. Distribute 1 million boozecoins 2 to anyone who promotes the coin. By the way it is worth even less than the original booze coin. lol.
Under "Why did it correct so strongly," don't you mean that money passes from the professional traders to retail? Or to the everyday user?
The "Buying on credit" bit can also somewhat explain the fall as people who invested in cryptocurrency perhaps wanted to use some of that money to buy stuff during the holiday seasons? :P No, not an entirely serious point, but one that's fun to think of. That would make any massive expenditure date one that leads to the coins going down, at least until retailers accept cryptocurrency themselves.
The Coinbase by Email option is interesting, and really incentivizes Coinbase users to get others on the platform. I do hope the Bitcoin fees sort themselves out, but it seems like an entire redesign or platform abandonment may be needed at some point at this rate.
Thanks for your comment. By the BTC correction i mean - when we almsot hit 20K, one could almost smell the retail traders euphoria in the air. I follow hundreds of non-crypto people on Twitter and at that time it was getting hard to find a non-crypto tweet there. Hence an old-fashioned shakeout was in order, imo. The way of the markets - late newcomers get their lessons delivered to them quickly.
Oh yeah, the BTC fees are f-in horrible >:(
Ah, I see, I thought you meant "physical shop owners" when you mentioned "retail" :D
And well, the question is when. I think when the non-crypto people buy in it shows you the bubble is forming. Usually the correction happens later, and in a much more severe manner.
Except I guess you're right, some people who have been in for a while used this opportunity to cash out, knowing many of the non-crypto afficianados might also run out as the coins crash, and they'll be able to just buy back in and make a bank?
Hm.
Bro, this is really helpful for newbies like me. Although I think it's info overload for me. Lol. Anyway, thank you for sharing this blog! :)
Merry Christmas Dear Friend,
Your post is excellent and very helpful.
I'll check your links
Thank you very much friend for the resteem :)
Thanks and Merry Christmas to you too :)
thanks for sharing @furious-one i have a question about bitcoin ..... Bitcoin can cross 60,000 in the comping year or not do you have any idea please let me know i'm looking forward to your nice response
Best regard @waqarsabir786
the article is good. how your prediction about the 2018 steam development going forward
STEEM to 10 at least :)
I believe you're correct on that. Steem was mostly holding it's own here the last several days, when BTC and most alt-coins took a hit. Most of the alt-coins have bounced by fine though, and as I type this, BTC is at $15,390.00. A lot better than the $10,400.00 it was at a short time ago. lol I believe Steem has no place to go, except up.
Great article my friend, good stuff!
Thanks for the great content that we have gotten used to in Steemit, I am always informed thanks to you, Happy Holidays my friend!
this is very informative post. give you an upvote.
(Upvoting this COMMENT will help feed thousands of street children of Manila, Philippines)